Forbes values Yankees at $2.3 billion

Los Angeles Dodgers are second in MLB at $1.62 billion nearly $400 million below the price paid for the team.

Forbes estimated the New York Yankees have the highest value in Major League Baseball for the 16th straight year at $2.3 billion,and the average for an MLB team increased by 23 percent in the last year to $744 million.

The magazine said Wednesday the Yankees’ value increased from $1.85 billion last year.

The Los Angeles Dodgers are second in MLB at $1.62 billion – nearly $400 million below the price paid for the team last May when a group headed by Mark Walter,Stan Kasten and Magic Johnson bought the franchise from Frank McCourt.

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Forbes valued Boston third at $1.3 billion,followed by the Chicago Cubs ($1 billion),Philadelphia ($893 million),the New York Mets ($811 million),San Francisco ($786 million),Texas ($764 million),the Los Angeles Angels ($718 million) and St. Louis ($716 million).

The bottom five are Tampa Bay ($451 million),Kansas City ($457 million),Oakland ($468 million),Pittsburgh ($479 million) and Miami ($520 million).

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